• News/Talk
  • Music
  • Entertainment

Marketplace

Tuesday, February 06, 2007

Listen to the show

Anybody seen our $12 billion?

Paul Bremer, former head of the Coalition Provisional Authority, waits for the start of a House Oversight and Government Reform Committee hearing on Capitol Hill, Feb. 6, 2007. (Mark Wilson, Getty Images)

A House committee drilled Paul Bremer on $12 billion in Iraq reconstruction money his agency handed out that's unaccounted for. Congressmen also took the opportunity to voice frustrations with Bush administration policies. Eric Niiler reports.

Listen to ThisStory
  • E-mail this to a friend
  • Print article

More on Middle East, Politics, Washington, DC



KAI RYSSDAL: Congress was doing some investigating today into Iraqi reconstruction contracts. Eric Niiler reports now that Paul Bremer was on the receiving end of Democrats' frustrations. Frustrations about more than just the contracts, too.



ERIC NIILER: Paul Bremer ran the temporary government after the U.S. overthrow of Saddam Hussein. Since then, federal auditors found the authority lost track of most of the money.

For example, Baltimore Democrat Elijah Cummings grilled Bremer about an American firm Bremer hired. An accounting firm with no accountants.
ELIJAH CUMMINGS: And would you be concerned or upset if you found out that there were no accountants on Northstar's staff? Would that concern you?

PAUL BREMER: It would if it were true . . .
Turns out, Northstar was run out of some guy's house in San Diego, according to Cummings.

Bremer's appearance was also a chance for some members to question President Bush's new plan to send more money and troops to Iraq. This from California Democrat Diane Watson.
DIANE WATSON: How can we, in good consciousness, say to our constituents, "Lets send them more money"? There was no accountability then, and what guarantees do we have that it's going to be accounted for now?
Bremer defended himself.
PAUL BREMER: I acknowledge that I made mistakes. And that with the benefit of hindsight, I would have made some decisions differently. But on the whole, I think we made great progress under some of the most difficult conditions imaginable.
The special inspector general for Iraq testified that Bremer's agency may have wasted billions, but he dismissed charges of widespread fraud.

Still, corruption may be Bremer's legacy. The auditor told the panel a billion dollars was recently diverted from the Iraqi oil ministry to insurgents.

In Washington, I'm Eric Niiler for Marketplace

Music From This Show

  • Staple It Together Jack Johnson Buy

  • Brass Monkey Beastie Boys Buy

  • Class System Handsome Boy Modeling School Buy

  • Dos Gardenias Buena Vista Social Club Buy

  • Casimir Pulaski Day Sufjan Stevens Buy

Marketplace Confessional

It's probably too late to do anything about it, but I want my word back. That word is "camp." The story about shopping camp at a Louisville Mall was the last straw. I should have spoken up earlier when band and football practices started to be called camps. Then sending kids to sit inside in front of a computer screen for several hours was called technology camp. But now we have passed the point of no return. I want my word back. Camp to me means outdoors, nature, and burning wood. . . . "

The Specials

Conversations from the Corner Office

Marketplace goes one-on-one with CEOs, company founders, head honchos...

Sit in

Working

Intimate profiles of workers in the global economy.

Meet them

Consumer Consequences game

Find out what the world would look like if everyone lived like you. An interactive game from American Public Media.

Play

Marketplace on iTunes U

Marketplace is now available in iTunes U, Apple's online education platform. Get free, downloadable content in subjects like History, Science, Business and more. Study up

Sustainability

What is "sustainability?" It boils down to this: Don't eat your seed corn.

Learn more

 ©2008 American Public Media